Financials: Fiscal Year Ending March 31, 2021
Sources and Uses of Funds for Operations
| Revenues |
Amount |
% of Total |
| Education Services |
$2,003,741 |
39% |
| Charitable Support |
$1,139,923 |
22% |
| Contract Revenue |
$1,398,993 |
27% |
| Support from Endowment |
$238,992 |
5% |
| Sales of Publications |
$202,903 |
4% |
| Gain on Investments |
$24,725 |
0% |
| Released from restriction |
$104,581 |
2% |
| Interest & Other Income |
$8,884 |
0% |
| Total Operating Revenue |
$5,122,742 |
|
| Expenses |
| Braille Production |
$762,635 |
|
| Program Services & Support |
$2,638,865 |
|
| Administration & Interest Expense |
$324,710 |
|
| Fundraising |
$377,509 |
|
| Building |
$202,612 |
|
| Total Operating Expenses |
$4,306,331 |
|
| |
Change in Net Assets |
$816,411 |
|
| Endowment Fund Activity |
|
|
| Bequests |
$21,576 |
|
| Net realized/unrealized gain on investments |
$1,478,737 |
|
| Dividend & Interest Income |
$98,048 |
|
| Transfers to the General Fund |
($238,992) |
|
| Management Fees |
($51,923) |
|
| Growth (Reduction) in Endowment Fund |
$1,307,446 |
|
Statement of Financial Position
| Balances |
Mar 31, 2021 |
Mar 31, 2020 |
| Unrestricted General Fund |
$3,454,180 |
$2,637,769 |
| Temporarily Restricted Fund |
$417,756 |
$196,450 |
| Endowment Fund |
$6,057,398 |
$4,749,952 |
Total Funds |
$9,929,334 |
$7,584,171 |
| Total Liabilities |
$311,462 |
$244,594 |
| Total Assets |
$10,240,796 |
$7,828,765 |
| Source of Charitable Support |
|
|
| Events (net of expenses) |
$202,147 |
|
| Contributions restricted |
($330,888) |
|
| SBA PPP Loan Forgiveness |
$539,369 |
|
| Foundations & Corporations† |
$456,507 |
|
| Other Individuals |
$272,788 |
|
| Total |
$1,139,923 |
|
This page is derived from the full audited financial statement which is available below.
